
\begin{tabular}{l c c c c c c}
\toprule
 & \multicolumn{6}{c}{Cross-Currency Basis (bps)} \\
\cmidrule(lr){2-7}
 & (1) & (2) & (3) & (4) & (5) & (6) \\
\midrule
USD NIIP / GDP            & $-17.50^{**}$ & $-17.43^{*}$ &               &              &           &           \\
                          & $(7.76)$      & $(9.70)$     &               &              &           &           \\
USD Debt Holdings / GDP   &               &              & $-25.56^{**}$ & $-24.43^{*}$ &           &           \\
                          &               &              & $(11.70)$     & $(12.57)$    &           &           \\
USD Equity Holdings / GDP &               &              &               &              & $-17.64$  & $-14.48$  \\
                          &               &              &               &              & $(12.08)$ & $(21.70)$ \\
\midrule
Fixed Effects             &               & Month        &               & Month        &           & Month     \\
Num. obs.                 & $2363$        & $2363$       & $2363$        & $2363$       & $2363$    & $2363$    \\
R$^2$ (full model)        & $0.14$        & $0.37$       & $0.14$        & $0.38$       & $0.04$    & $0.28$    \\
R$^2$ (proj model)        & $0.14$        & $0.15$       & $0.14$        & $0.17$       & $0.04$    & $0.03$    \\
\bottomrule
\end{tabular}
